Apple May Still Be a Hitmaker After All

Core Insights - Apple is experiencing strong demand for its new iPhone 17 and ultra-thin Air model, despite a modest launch [1] - The company's share price has seen a slight decline of just under 3% year-to-date, amidst analyst downgrades [2] - Analysts from JPMorgan and Bank of America report that demand for the iPhone 17 is surpassing last year's models, with the highest ship dates since the iPhone 11 [3] Demand and Market Dynamics - A significant portion, one-fifth, of the 1.5 billion iPhone users have not upgraded their devices in at least four years, indicating a potential upgrade cycle in 2025 [3] - The slowing performance of older devices may be prompting users to consider upgrades [3] Stock Performance - Apple stock rose over 1% recently, entering "Golden Cross" territory, which typically signals a bullish trend [5] - Historically, Apple stock has averaged a 9% gain over six months and an 18% gain over a year following a golden cross event [5]